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Semiconductor & Electronics
Solid State Drives in the Global Market: Performance, Cost, and Efficiency.
Samsung Electronics, the world leader in advanced memory technology has recently introduced ‘Magician 7’ software for solid-state drive owners that provide a wide range of new customization, management features and enhanced tools to help users realize the full potential of their solid-state drive. The latest generation of Samsung’s Magician software offers consumers, gamers and content creators a quick and easy access for real-time information. In addition to that consumers can set preferences, manage solid-state drive’s performance, power usage, capacity, health, security capabilities and much more with advanced dashboard. Further Samsung has unveiled its new enterprise solid-state drive featuring zoned namespace (ZNS) technology - the PM1731a. This type of solid-state drive is expected to maximize available user capacity and offer an extensive lifespan in storage server, data center and cloud environments. In addition to that Samsung Electronics is initializing mass production of data center solid-state drives specifically customized for hyper-scale environments. Increasing penetration of internet and consumer electronics across the globe is anticipated to create higher data storage demands that will propel the solid-state drive market. Solid-state drive offers numerous benefits over traditional hard-disk drives such as greater efficiency, higher reliability, durability, faster data transmission processes and power & energy efficiency etc. About 4.95 billion people around the world use the internet according to the research that is equivalent to 62.5% of the world’s total population.
According to the research report, “Global solid-state drive (SSD) Market Outlook, 2030” published by Bonafide Research, the global market is projected to reach market size of USD 140.11 Billion by 2030 increasing from USD 64.57 in 2024, growing with 14.01% CAGR by 2025-30. This higher adoption directs towards the increasing demands for consumer electronics. Consumer electronics such as laptops, PCs, artificial intelligence and gaming equipments etc creates higher demands for efficient data storage system and solid-state drives are optimal option to meet the consumer demands. The data storage is critical to modern society where information growth is driven by big data applications, like AI and lower digital storage costs. At the same time, information security has become increasingly important with the impact of ransom ware companies that are working to reduce the environmental burden from the manufacturing and use of hard-disk drives. On the other hand, solid-state drive provides higher efficiency and lower power consumption. Many developers and manufactures are working to reduce complexity from production methods of SSDs which can result into lowering the cost of solid-state disks. The growing popularity of cryptocurrencies such as Bitcoin has resulted in shortages of graphic cards as crypto miners buy them in bulk. South Korean tech giant Samsung has filed a patent for a ‘programmable blockchain solid-state drive and switch’ earlier this year. This patent is anticipated to be integrated into devices to improve the speed and lifespan of blockchain-aware storage devices.
The North America region leads the global solid-state drive (SSD) market, driven by its advanced technological infrastructure and rapid adoption of innovative storage solutions. In 2023, North America held a substantial market share of approximately 39%, reflecting its dominance in sectors such as technology, enterprise storage, consumer electronics, and data centers. North America is home to leading companies that provide advanced SSDs, offering high-performance storage solutions across various industries. The region's substantial share is driven by high demand in various sectors, including technology, enterprise storage, consumer electronics, and data centers. Enterprises in North America are increasing their spending on IT infrastructure to gain a competitive edge and boost business productivity, leading to a high replacement rate of traditional hard disk drives with SSDs. While North America maintains its leadership, the Asia-Pacific region is experiencing rapid growth, driven by a large consumer base and the increasing popularity of mobile devices, which spurs demand for advanced storage solutions. North America's dominance in the global SSD market is due to its technological advancements, high demand across various sectors, and significant investments in IT infrastructure, positioning it as the leading region in the industry.
The global solid-state drive (SSD) market is segmented by form factor into 2.5-inch, 3.5-inch, M.2, and PCIe SSDs. The 2.5-inch SSD is the most widely used form factor, particularly in consumer electronics like laptops and desktops, due to its balance between performance, size, and cost. 3.5-inch SSDs, typically used for desktop storage applications, are less common than 2.5-inch but are still important in certain sectors. M.2 SSDs are gaining popularity in the consumer market, especially in laptops and gaming devices, as they provide faster performance in a compact size. The PCIe SSD form factor offers the highest speeds and is used primarily in data centers, high-performance computing, and gaming applications, providing robust read/write speeds and latency reduction. The increasing demand for speed, storage efficiency, and miniaturization is expected to drive the market further towards M.2 and PCIe SSDs.
In terms of application, the global SSD market is divided into consumer storage, data centers, gaming, enterprise storage, and embedded storage. The consumer storage segment leads due to increasing adoption in personal devices like laptops and smartphones. Data centers have also seen significant growth, as enterprises move towards SSDs for better speed and reliability. The gaming sector drives demand for high-speed SSDs, particularly for faster load times and better overall performance. Enterprise storage applications focus on large-scale data management, where SSDs provide quick access to critical business data. Finally, embedded storage refers to devices like IoT applications and automotive systems, where SSDs are becoming standard due to their efficiency, reliability, and compact size.
The SSD market is categorized by storage capacity into under 500 GB, 500 GB – 1 TB, 1 TB – 2 TB, and above 2 TB. The under 500 GB segment remains popular in consumer devices, offering an affordable entry point for regular use. The 500 GB to 1 TB range is commonly found in mid-range consumer devices, striking a balance between cost and performance. The 1 TB to 2 TB capacity is favored by users who need more storage for gaming, creative tasks, and professional use. Lastly, above 2 TB SSDs are primarily used in enterprise applications, large data centers, and high-performance systems, where large-scale storage is critical.
The SSD market is divided into three main interfaces: SATA (Serial ATA), SAS (Serial Attached SCSI), and PCIe (Peripheral Component Interconnect Express). SATA SSDs have been widely adopted in consumer applications due to their compatibility with existing systems. SAS SSDs offer faster speeds and higher reliability and are used primarily in enterprise and data center environments. PCIe SSDs are the fastest interface, offering excellent performance for high-demand applications like gaming, AI, and big data analytics. PCIe is rapidly becoming the standard for high-performance SSDs due to its speed, scalability, and low latency.
The SSD market is segmented by end-user into enterprise, client, industrial, and automotive applications. The enterprise segment leads, driven by the need for high-performance storage in data centers, IT infrastructure, and business-critical applications. Client SSDs are used in consumer electronics like laptops, desktops, and mobile devices, and continue to grow due to demand for faster and more reliable storage. Industrial SSDs are used in machines, sensors, and robotics, requiring high durability and performance under harsh conditions. Automotive SSDs are gaining traction, particularly in electric vehicles (EVs) and autonomous vehicles, where storage for real-time data processing and system management is becoming increasingly important.
According to the research report, “Global solid-state drive (SSD) Market Outlook, 2030” published by Bonafide Research, the global market is projected to reach market size of USD 140.11 Billion by 2030 increasing from USD 64.57 in 2024, growing with 14.01% CAGR by 2025-30. This higher adoption directs towards the increasing demands for consumer electronics. Consumer electronics such as laptops, PCs, artificial intelligence and gaming equipments etc creates higher demands for efficient data storage system and solid-state drives are optimal option to meet the consumer demands. The data storage is critical to modern society where information growth is driven by big data applications, like AI and lower digital storage costs. At the same time, information security has become increasingly important with the impact of ransom ware companies that are working to reduce the environmental burden from the manufacturing and use of hard-disk drives. On the other hand, solid-state drive provides higher efficiency and lower power consumption. Many developers and manufactures are working to reduce complexity from production methods of SSDs which can result into lowering the cost of solid-state disks. The growing popularity of cryptocurrencies such as Bitcoin has resulted in shortages of graphic cards as crypto miners buy them in bulk. South Korean tech giant Samsung has filed a patent for a ‘programmable blockchain solid-state drive and switch’ earlier this year. This patent is anticipated to be integrated into devices to improve the speed and lifespan of blockchain-aware storage devices.
The North America region leads the global solid-state drive (SSD) market, driven by its advanced technological infrastructure and rapid adoption of innovative storage solutions. In 2023, North America held a substantial market share of approximately 39%, reflecting its dominance in sectors such as technology, enterprise storage, consumer electronics, and data centers. North America is home to leading companies that provide advanced SSDs, offering high-performance storage solutions across various industries. The region's substantial share is driven by high demand in various sectors, including technology, enterprise storage, consumer electronics, and data centers. Enterprises in North America are increasing their spending on IT infrastructure to gain a competitive edge and boost business productivity, leading to a high replacement rate of traditional hard disk drives with SSDs. While North America maintains its leadership, the Asia-Pacific region is experiencing rapid growth, driven by a large consumer base and the increasing popularity of mobile devices, which spurs demand for advanced storage solutions. North America's dominance in the global SSD market is due to its technological advancements, high demand across various sectors, and significant investments in IT infrastructure, positioning it as the leading region in the industry.
The global solid-state drive (SSD) market is segmented by form factor into 2.5-inch, 3.5-inch, M.2, and PCIe SSDs. The 2.5-inch SSD is the most widely used form factor, particularly in consumer electronics like laptops and desktops, due to its balance between performance, size, and cost. 3.5-inch SSDs, typically used for desktop storage applications, are less common than 2.5-inch but are still important in certain sectors. M.2 SSDs are gaining popularity in the consumer market, especially in laptops and gaming devices, as they provide faster performance in a compact size. The PCIe SSD form factor offers the highest speeds and is used primarily in data centers, high-performance computing, and gaming applications, providing robust read/write speeds and latency reduction. The increasing demand for speed, storage efficiency, and miniaturization is expected to drive the market further towards M.2 and PCIe SSDs.
In terms of application, the global SSD market is divided into consumer storage, data centers, gaming, enterprise storage, and embedded storage. The consumer storage segment leads due to increasing adoption in personal devices like laptops and smartphones. Data centers have also seen significant growth, as enterprises move towards SSDs for better speed and reliability. The gaming sector drives demand for high-speed SSDs, particularly for faster load times and better overall performance. Enterprise storage applications focus on large-scale data management, where SSDs provide quick access to critical business data. Finally, embedded storage refers to devices like IoT applications and automotive systems, where SSDs are becoming standard due to their efficiency, reliability, and compact size.
The SSD market is categorized by storage capacity into under 500 GB, 500 GB – 1 TB, 1 TB – 2 TB, and above 2 TB. The under 500 GB segment remains popular in consumer devices, offering an affordable entry point for regular use. The 500 GB to 1 TB range is commonly found in mid-range consumer devices, striking a balance between cost and performance. The 1 TB to 2 TB capacity is favored by users who need more storage for gaming, creative tasks, and professional use. Lastly, above 2 TB SSDs are primarily used in enterprise applications, large data centers, and high-performance systems, where large-scale storage is critical.
The SSD market is divided into three main interfaces: SATA (Serial ATA), SAS (Serial Attached SCSI), and PCIe (Peripheral Component Interconnect Express). SATA SSDs have been widely adopted in consumer applications due to their compatibility with existing systems. SAS SSDs offer faster speeds and higher reliability and are used primarily in enterprise and data center environments. PCIe SSDs are the fastest interface, offering excellent performance for high-demand applications like gaming, AI, and big data analytics. PCIe is rapidly becoming the standard for high-performance SSDs due to its speed, scalability, and low latency.
The SSD market is segmented by end-user into enterprise, client, industrial, and automotive applications. The enterprise segment leads, driven by the need for high-performance storage in data centers, IT infrastructure, and business-critical applications. Client SSDs are used in consumer electronics like laptops, desktops, and mobile devices, and continue to grow due to demand for faster and more reliable storage. Industrial SSDs are used in machines, sensors, and robotics, requiring high durability and performance under harsh conditions. Automotive SSDs are gaining traction, particularly in electric vehicles (EVs) and autonomous vehicles, where storage for real-time data processing and system management is becoming increasingly important.
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